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Both styles of startup building have always existed. There were plenty of VC-powered startups aiming for 30X exits years ago. Small groups of friends building
by PragmaticPulp 5y ago
Both styles of startup building have always existed. There were plenty of VC-powered startups aiming for 30X exits years ago.
Small groups of friends building startups without VC money and without aiming for unicorn-level exits still exist today. You’re just not hearing about them because they’re not in the news.
There’s nothing wrong with starting a small tech company that can become self-sustaining without VC-level exits. A lot of founders are doing just this. They’re usually doing it quietly, though.
- phekunde 5y agoYes, that type of investment had existed but for hardtech startups not some app startup(and even lot of hardtech startups were funded by government grants/funding). Nowadays every bit-and-byte is funded in the hope of making it into a unicorn. That punctures the fun.
- audit 5y agoThat was my understanding as well. 'App-scope' or 'micro-workflow-scope' startups using VC capital as a sort of 'business anabolic' for short-term raise, at expense of long-term viability, seems to be a new fenomena. Another anology that comes to mind is related to 'over-stimulation'. Again a relatively new phenomena as noted in this recent submission: https://news.ycombinator.com/item?id=27942499 https://news.ycombinator.com/item?id=27942499